Telefonaktiebolaget LM Ericsson Stock Price, News & Analysis (NASDAQ:ERIC)

Telefonaktiebolaget LM Ericsson trades on the NASDAQ under the ticker symbol "ERIC."

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) released its quarterly earnings data on Thursday, October, 17th. The communications equipment provider reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.27. The communications equipment provider had revenue of $57.13 billion for the quarter, compared to analyst estimates of $56.60 billion. Telefonaktiebolaget LM Ericsson had a negative return on equity of 4.28% and a negative net margin of 3.89%. Telefonaktiebolaget LM Ericsson's revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 EPS. View Telefonaktiebolaget LM Ericsson's Earnings History.

Telefonaktiebolaget LM Ericsson is scheduled to release their next quarterly earnings announcement on Friday, January 24th 2020. View Earnings Estimates for Telefonaktiebolaget LM Ericsson.

10 brokers have issued 12-month target prices for Telefonaktiebolaget LM Ericsson's shares. Their predictions range from $9.00 to $11.50. On average, they expect Telefonaktiebolaget LM Ericsson's share price to reach $10.08 in the next year. This suggests a possible upside of 9.8% from the stock's current price. View Analyst Price Targets for Telefonaktiebolaget LM Ericsson.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Telefonaktiebolaget LM Ericsson in the last year. There are currently 4 hold ratings, 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Telefonaktiebolaget LM Ericsson.

News headlines about ERIC stock have trended somewhat positive on Sunday, according to InfoTrie. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Telefonaktiebolaget LM Ericsson earned a media sentiment score of 0.8 on InfoTrie's scale. They also gave press coverage about the communications equipment provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Telefonaktiebolaget LM Ericsson.

Telefonaktiebolaget LM Ericsson saw a increase in short interest in the month of September. As of September 30th, there was short interest totalling 6,740,000 shares, an increase of 5.1% from the August 30th total of 6,410,000 shares. Based on an average daily volume of 6,560,000 shares, the short-interest ratio is currently 1.0 days. Currently, 0.2% of the company's shares are short sold. View Telefonaktiebolaget LM Ericsson's Current Options Chain.

Some companies that are related to Telefonaktiebolaget LM Ericsson include QUALCOMM (QCOM), NTT Docomo (DCMYY), Nokia Oyj (NOK), Motorola Solutions (MSI), Ubiquiti (UI), Ubiquiti Networks (UBNT), ViaSat (VSAT), Echostar (SATS), Commscope (COMM), Loral Space & Communications Ltd. (LORL), Comtech Telecomm. (CMTL), Harmonic (HLIT), Casa Systems (CASA), Maxar Technologies (MAXR) and Gilat Satellite Networks (GILT).

Based on aggregate information from My MarketBeat watchlists, some companies that other Telefonaktiebolaget LM Ericsson investors own include Nokia Oyj (NOK), Advanced Micro Devices (AMD), NVIDIA (NVDA), Intel (INTC), QUALCOMM (QCOM), Micron Technology (MU), Cisco Systems (CSCO), Alibaba Group (BABA), Starbucks (SBUX) and AT&T (T).

Telefonaktiebolaget LM Ericsson's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.02%), Zeke Capital Advisors LLC (0.01%), Altfest L J & Co. Inc. (0.00%), Campbell & CO Investment Adviser LLC (0.00%), Advisor Partners LLC (0.00%) and Massey Quick Simon & CO. LLC (0.00%).

ERIC stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Fox Run Management L.L.C. and Advisor Partners LLC.

ERIC stock was purchased by a variety of institutional investors in the last quarter, including Altfest L J & Co. Inc., Campbell & CO Investment Adviser LLC, Zeke Capital Advisors LLC, Massey Quick Simon & CO. LLC and Pacer Advisors Inc..

Shares of ERIC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of ERIC stock can currently be purchased for approximately $9.18.

Telefonaktiebolaget LM Ericsson has a market capitalization of $30.34 billion and generates $24.28 billion in revenue each year. The communications equipment provider earns $-751,600,000.00 in net income (profit) each year or $0.03 on an earnings per share basis. Telefonaktiebolaget LM Ericsson employs 95,359 workers across the globe.View Additional Information About Telefonaktiebolaget LM Ericsson.

The official website for Telefonaktiebolaget LM Ericsson is http://www.ericsson.com/.

Telefonaktiebolaget LM Ericsson's mailing address is TORSHAMNSGATAN 21 - 23, STOCKHOLM V7, 16483. The communications equipment provider can be reached via phone at 46-1-071-900-00 or via email at [email protected]